Analysts forecast that Eagle Materials, Inc. (NYSE:EXP) will post $280.98 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Eagle Materials’ earnings. The lowest sales estimate is $276.15 million and the highest is $289.00 million. Eagle Materials reported sales of $284.71 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 21st.

On average, analysts expect that Eagle Materials will report full year sales of $1.40 billion for the current financial year, with estimates ranging from $1.38 billion to $1.44 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.45 billion, with estimates ranging from $1.41 billion to $1.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Eagle Materials.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.06). The business had revenue of $333.30 million for the quarter, compared to the consensus estimate of $357.08 million. Eagle Materials had a return on equity of 17.49% and a net margin of 16.77%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.08 earnings per share.

A number of equities analysts have commented on EXP shares. Citigroup reduced their price target on shares of Eagle Materials from $111.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, January 3rd. DA Davidson boosted their target price on shares of Eagle Materials to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 2nd. ValuEngine raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Zacks Investment Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group raised shares of Eagle Materials from an “underweight” rating to a “market weight” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $106.88.

In related news, Director Ed H. Bowman, Jr. sold 2,591 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $71.35, for a total transaction of $184,867.85. Following the completion of the transaction, the director now owns 12,977 shares in the company, valued at $925,908.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC boosted its stake in shares of Eagle Materials by 23.0% in the 3rd quarter. Teachers Advisors LLC now owns 72,951 shares of the construction company’s stock valued at $6,218,000 after purchasing an additional 13,643 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Eagle Materials by 12.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 466,996 shares of the construction company’s stock valued at $39,806,000 after purchasing an additional 52,527 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Eagle Materials by 616.4% in the 3rd quarter. First Trust Advisors LP now owns 66,867 shares of the construction company’s stock valued at $5,700,000 after purchasing an additional 57,533 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Eagle Materials by 19.2% in the 3rd quarter. SG Americas Securities LLC now owns 73,714 shares of the construction company’s stock valued at $6,283,000 after purchasing an additional 11,883 shares in the last quarter. Finally, Broad Bay Capital Management LP acquired a new stake in shares of Eagle Materials in the 4th quarter valued at approximately $18,816,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:EXP traded up $0.32 on Tuesday, reaching $71.95. The stock had a trading volume of 9,617 shares, compared to its average volume of 775,098. The firm has a market cap of $3.50 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33. Eagle Materials has a 1-year low of $57.00 and a 1-year high of $115.75. The company has a quick ratio of 0.87, a current ratio of 2.26 and a debt-to-equity ratio of 0.42.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, April 11th. Eagle Materials’s payout ratio is 9.48%.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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